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Strategies & Market Trends : Natural Resource Stocks

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To: Cyrus who wrote (108665)	12/16/2025 7:31:28 PM
From: Cyrus	Read Replies (1) of 108838

RECAF News Release pro.ceo.ca@GlobeNewswire/reconafrica-provides-year-end-operational-update-progressing The deeper Elandshoek contained an average of 20% total gas throughout the entire 560 metres (1,837 feet) drilled through the section indicating a hydrocarbon saturated section. The vast majority of the Elandshoek section produced visible oil sheens and oil bubbles in the mud pits at surface. Within this gross section, post well analysis shows 81 metres (265 feet) of hydrocarbon fluorescence (increased from the previously disclosed 61 metres) observed in cuttings, a direct indicator of hydrocarbons. Indications of fracturing were pervasive based on well logs. Additionally, rapid increases in gas readings after drilling connections indicated hydrocarbons flowing actively towards the wellbore. Gas readings and hydrocarbon presence at the well’s total depth of 4,260 metres remained encouraging. Drilling was stopped due to the operational limitations of the rig.

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